Majuba Hill Copper Corp. reported that 2022 core holes MHB-27 and MHB-28 intersected over 1,000 feet (304.8 meters) of plus 0.25% copper equivalent ("CuEQ") mineralization at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada. These are the longest copper mineralized intercepts ever drilled at Majuba. The mineralized intersections are directly correlative with porphyry-type vein density, pervasive porphyry-style alteration, and multiple intrusive events. The 2022 core drilling program focused on the Majuba Target Zone. The goal was to complete deeper holes and extend the copper mineralization intersected in the 2020 and 2021 drill campaigns. An updated property wide mineral inventory estimate is now underway. MHB-27 is mineralized throughout the entire hole with 3,500 feet (1,066.8 m) @ 0.18% CuEQ from 0-3,500 feet (0-1,066.8 m). The upper part of the higher-grade mineralization in MHB-27 is enriched down to 1,420 feet (432.8 m). Enrichment minerals include azurite, malachite, chalcocite, and traces of digenite with chalcopyrite/pyrite. A zone of disseminated and fracture hosted native copper occurs near the deepest parts of the enrichment. The additional 426 feet (129.8 m) of CuEQ mineralization below the enrichment is non-enriched, primary/hypogene sulfides. MHB-29 is mineralized throughout the entire hole, containing 0.05% CuEQ from 0 to 3,607 feet (0-1,099.4 m). Enrichment is limited to the top 250 feet. The deepest visible native copper and other enrichment metals occurred at 247 feet. Throughout the hole there are 26 intervals
with greater than 0.2% Cu between 206.5 feet (62.94 m) and 3,468 feet (1,058.57 m). These mineralized zones have up to 10 feet (3.05 m) @ 0.43% CuEQ. The long copper mineralization intercepts and the broad spacing of holes MHB-27 and MHB-29 combined with the molybdenum, zinc, gold, and bismuth assay results outline distinct mineral zoning. The vector from this zoning indicates that copper grades are increasing to the northeast. This corridor is outlined by the "2023 Target Corridor" on the map. Copper enrichment in the upper part of hole MHB-29 was limited, however porphyry style veining is prominent throughout the hole and potassic alteration increased below 1,700 feet. The hole bottomed in granodiorite (3,403 to 3,607 ft) that is cross-cut by numerous quartz-pyrite-tourmaline veins plus disseminated and vein controlled secondary biotite. Cross Section 4503030N: Hole MHB-28. MHB-28 is mineralized from top bottom with 1,769 feet (539.2 m) @ 0.25% CuEQ from 0-1,769 feet (539.2 m). This includes 1,287 feet (392 m) @ 0.30% CuEQ from 245 to 1,532 feet (74.7-467 m). Reverse circulation drill hole MHB-6 completed in 2020 is close to MHB-28 and intersected 800 feet @ 0.23% CuEQ from 0-800 feet (0-243.8 m). MHB-28 extended the copper zone 732 feet (223.1 m) deeper and finished in low grade CuEQ mineralization and strong alteration at the bottom of the hole. Multiple occurrences of bismuthinite and well developed porphyry veining provide a vector indicating the copper grade is increasing towards the northeast within the target corridor on the map. Copper equivalent (CuEQ) values were calculated by combining the assay values for copper, silver, gold, molybdenum, lead, and zinc across the significant copper drill intercepts for intervals composited to 0.16% Cu and 0.06% Cu. The Cu, Ag, Au, Mo, Pb, and Zn assay results for each intercept were combined into the CuEQ value using an interval-weighted calculation based on metal prices taken from Kitco.com and DailyMetalPrice.com on July 27, 2022. The Company has implemented a QA/QC program using best industry practices at the Majuba Hill Project. The samples are transported from the JUBA secure warehouse or directly from the drill to the ALS Sample Prep Facility in Reno or Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in Reno, Nevada or Vancouver, B.C. Soil and rock chip samples are transported by the company directly to Elko or Reno, Nevada. Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 other elements. Gold is determined by ALS method Au-AA23 which is a fire assay with an AAS finish on a 30 gram split. Copper, silver and the remaining 31 elements are determined by ALS method ME-ICP61 which is a four acid digestion and ICP-AES assay. Approximately 5% of the submitted samples are duplicates and copper-gold-
porphyry commercial standard reference material pulps. The sample rejects and remaining pulps will be retrieved from ALS. The scientific and technical information contained in this news release has been reviewed by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").